Renewal Deadline Approaching for Real Estate CE Instructors

June 30, 2012, is the deadline for all Illinois real estate CE instructors to complete their required education. The Association of Illinois Real Estate Educators (AIREE) conference taking place on June 1 is approved by the IDFPR for instructor renewal.   Hot topics included in the program are:

  • Foreclosure: Victoria Ogunsanya, staff attorney at the Lawyers Committee for Better Housing (LCBH) in the Affordable Housing Project, focuses on the foreclosure process, time frames, tenant rights and interesting cases that LCBH has been involved in.
  • Fair Housing: Professor Allison Bethel, Director of the Fair Housing Clinic at John Marshall Law School, discusses recent fair housing cases, updates on fair housing and the importance of spreading awareness of discrimination in housing.
  • Legislative Update: Scott Toban, founder of Toban Legal & Consulting, shares valuable insight on the “Community Association Manager License Act,” regulations targeting brokerage of short sales and initiatives of the Bureau of Consumer Financial Protection.
  • IDFPR Update: Jill D. Johnson, IDFPR Real Estate Coordinator, provides an update on the division since her appointment, disciplinary issues, examiner matters and the recent license transition.

For more information about AIREE, call 877-290-3458 or visit www.AIREE.org.

2011 Real Estate Educator of the Year Named

On Friday, May 20, the Association of Illinois Real Estate Educators (AIREE) presented its highest honor – the 2011 Real Estate Educator of the Year award – to Scott B. Toban. The association recognizes Scott’s numerous achievements and contributions to the real estate community in Illinois.

Educator of the Year - Scott Toban

Since focusing his career on education in 2004 as a Principal at the Real Estate Institute, Scott has established himself as a leading Illinois real estate educator.  Scott’s 16 years as a practicing lawyer and his unique experiences in a variety of professional settings have strengthened his abilities as a dynamic speaker and teacher of various education topics, including real estate law, brokerage practice, ethics and professional responsibility.

Immediately prior to joining the Real Estate Institute, Scott was a partner of the international law firm Mayer, Brown, Rowe & Maw LLP (now, Mayer Brown LLP).  Scott’s legal practice has concentrated on real estate, finance and professional regulation.  Scott earned his Juris Doctor from the University of Chicago Law School in 1995, and he graduated with highest honors from the University of Illinois at Urbana-Champaign with a Bachelors of Science in Accountancy in 1992.  He is a Registered Certified Public Accountant in Illinois. 

Recognizing Scott’s knowledge and passion for the real estate industry from multiple perspectives (as a lawyer, real estate broker and educator), Governor Quinn appointed Scott as a member of the Illinois Real Estate Administration and Disciplinary Board and the Illinois Real Estate Education Advisory Council in 2010.  Scott has already made a key impact on Illinois real estate brokerage by contributing revisions to the recently adopted Administrative Rules implementing the Real Estate License Act of 2000.

This is not the Real Estate Institute’s first Educator of the Year. Real Estate Institute is the only professional education provider in Illinois to have two generations of award recipients. In 2002, Alan Toban, Scott’s father, was recognized for his achievements as an accomplished author of numerous real estate, mortgage and finance books, as well as his 30 years of experience in real estate and finance.

Real Estate Licensees Required to “Step Up or Step Out”

The hot topic for Illinois real estate licensees is the transition that will take place beginning in May of 2011. Earlier this month, the Association of Illinois Real Estate Educators (AIREE) held its 2010 Winter Conference at DePaul University Conference Center in the Chicago Loop. The conference was attended by over 100 educators from throughout the state.

Changes to the Illinois Real Estate License Act signed into law by Governor Quinn in 2009 will eliminate the real estate salesperson license category. Those individuals who currently hold real estate salesperson licenses will be required to take additional education and apply for what will be a new category of broker license. Real estate salespersons who don’t transition to the new license will lose their license and be forced to stop practicing. During this same transition period, individuals holding a broker license under the current standards must either take additional education or give up the privilege of self-managing and managing others.

Scott Toban of the Real Estate Institute addressed the conference, explaining the new licensing standards. He explained that each licensee has a one-time option to pass a proficiency examination demonstrating that they don’t need the additional education. Scott also spoke about the new increased education requirements for initial licensure and entry into the real estate business in the state of Illinois. Scott, by appointment of the governor, serves on the Illinois Real Estate Administration and Disciplinary Board and Real Estate Education Advisory Council.

Alan Toban, founder of the Real Estate Institute, addressed the conference to explain the new way training must be delivered. Alan explained, “Licensees will no longer be asked to merely memorize dates or lists of rules. The new law insists students receive training that will prepare them for real-life situations affecting the public they serve.” Alan further explained, “Under the new law, a consumer of real estate services is to receive written notice from a licensee declaring whose interests the licensee is actually protecting.”